The Master Property Owners Association became a chartered not for profit property owners association on September 15, 1965. At that time the Wonder Lake Syndicate (the original group of developers), relinquished title to the lake bottom of Wonder Lake and officially turned ownership of the lake over to the property owners. During the past 32 years, the organization has continuously controlled the majority of the lake bottom area and maintained the recreational facility known as Wonder Lake.
There are twenty three subdivisions surrounding Wonder Lake. Seventeen of these subdivisions are currently members of the MPOA.